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Full employment

Is, speaking in economic theory terms, not the greatest idea because, per the Phillips curve, it will lead to high inflation. It is also hard to define as there will always be people who consider themselves underemployed and thus will report to the government when they do their surveys that they are so, and then unemployment is no longer 0%.

(I date a labor economist)

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by: Adam Bink @ Wed Jul 08, 2009 at 21:27:02 PM CDT

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